Eatonfield’s future in doubt after loss

Friday 24 December 2010 11:16 BST

The future of property firm Eatonfield is in the balance after it crashed to a £13.8 million loss in the year to June 30, and auditors said there was "significant doubt" over its ability to stay in business.

The company is labouring under debts of £26.7 million, and chairman Brian Corfe said the sale of sites in Wales and further disposals next year was "fundamental" to its survival prospects.